Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Significant Growth in Short Interest

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 371,319 shares, an increase of 21.1% from the March 15th total of 306,718 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 56,841 shares, the days-to-cover ratio is presently 6.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% during the third quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock worth $33,000 after buying an additional 397 shares during the period. IFP Advisors Inc lifted its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 22.1% during the fourth quarter. IFP Advisors Inc now owns 3,968 shares of the company’s stock worth $126,000 after purchasing an additional 718 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 46.4% during the fourth quarter. Montag A & Associates Inc. now owns 2,433 shares of the company’s stock worth $77,000 after purchasing an additional 771 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter worth about $26,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter worth about $28,000.

Invesco S&P 500 Equal Weight Health Care ETF Price Performance

Shares of RSPH stock opened at $31.34 on Friday. The firm has a market cap of $725.83 million, a PE ratio of 21.06 and a beta of 0.86. The company has a 50-day moving average of $31.40 and a two-hundred day moving average of $31.51. Invesco S&P 500 Equal Weight Health Care ETF has a 1-year low of $26.66 and a 1-year high of $33.51.

About Invesco S&P 500 Equal Weight Health Care ETF

The Invesco S&P 500 Equal Weight Health Care ETF (RSPH) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of US health care companies taken from the S&P 500 Index. RSPH was launched on Nov 1, 2006 and is managed by Invesco.